https://www.taxtmi.com/caselaws?id=304523 The Tribunal allowed the appeals filed by the assessees, reversing the additions made under Sections 68 and 69C of the Income Tax Act. The Tribunal emphasized the importance of providing the opportunity for cross-examination and the necessity of corroborative evidence in making assessments. The decision highlighted that assessments relying solely on suspicion and uncorroborated statements without independent inquiry are not sustainable. en-us Fri, 24 Aug 2018 00:00:00 +0530 Sat, 01 Oct 2022 09:27:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304523 The Tribunal allowed the appeals filed by the assessees, reversing the additions made under Sections 68 and 69C of the Income Tax Act. The Tribunal emphasized the importance of providing the opportunity for cross-examination and the necessity of corroborative evidence in making assessments. The decision highlighted that assessments relying solely on suspicion and uncorroborated statements without independent inquiry are not sustainable. Case-Laws Income Tax Fri, 24 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304523